CIBC Private Wealth Group LLC Raises Stock Position in ALPS Clean Energy ETF $ACES

CIBC Private Wealth Group LLC lifted its holdings in ALPS Clean Energy ETF (NYSEARCA:ACES) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,139,622 shares of the company’s stock after buying an additional 24,792 shares during the period. CIBC Private Wealth Group LLC owned about 34.74% of ALPS Clean Energy ETF worth $36,400,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ACES. Raymond James Financial Inc. bought a new position in shares of ALPS Clean Energy ETF in the 2nd quarter valued at about $96,000. Advisors Preferred LLC bought a new stake in ALPS Clean Energy ETF during the third quarter worth approximately $118,000. UBS Group AG raised its position in ALPS Clean Energy ETF by 21.9% during the third quarter. UBS Group AG now owns 24,896 shares of the company’s stock valued at $795,000 after purchasing an additional 4,466 shares during the period. Bank of America Corp DE raised its position in ALPS Clean Energy ETF by 3.6% during the second quarter. Bank of America Corp DE now owns 33,999 shares of the company’s stock valued at $877,000 after purchasing an additional 1,184 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of ALPS Clean Energy ETF by 9.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 38,848 shares of the company’s stock valued at $1,002,000 after purchasing an additional 3,320 shares during the last quarter.

ALPS Clean Energy ETF Stock Performance

Shares of ALPS Clean Energy ETF stock opened at $33.80 on Friday. The stock has a market cap of $111.54 million, a price-to-earnings ratio of 21.11 and a beta of 1.46. The stock has a 50 day moving average price of $34.81 and a 200-day moving average price of $33.65. ALPS Clean Energy ETF has a one year low of $19.92 and a one year high of $37.57.

ALPS Clean Energy ETF Profile

The ALPS Clean Energy ETF (ACES) is an exchange-traded fund that is based on the CIBC Atlas Clean Energy index. The fund tracks an index of US- and Canada-listed companies in the clean energy industry. ACES was launched on Jun 29, 2018 and is managed by ALPS.